Apple's Crypto Wallet Sued Over Alleged Fake Investment Scheme

Apple is facing a lawsuit worth $1.8 million over allegations that its crypto wallet service is fake.

The plaintiff claims that Apple's 'Crypto Wallet' app exploited consumer trust by making false promises of high returns on investment in cryptocurrencies.

The lawsuit, filed in court documents, states that the company failed to disclose that it was not actually investing customer funds in digital assets as promised, but instead used them for other purposes.